Category: Weekly Market Commentary

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Weekly Big Picture – Bulls Lead The Market Back to Rally

MarketSmith India _ Weekly Big Picture.

MARKET PULSE:

Status: Confirmed Uptrend

Highlights:

Two up days, one down day

Weekly Market Review:

This equity benchmark started the holiday truncated week on Monday with heavy gains, as both the indices made fresh highs. However, after gaining a bullish momentum, the indices started consolidating; therefore, on tuesday the Nifty ended almost flat while the Sensex ended in red.
Today, the Nifty observed some heavy distribution as it gained one distribution day, while the Sensex also posted a loss of almost 25 points.

Continue reading “Weekly Big Picture – Bulls Lead The Market Back to Rally”

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Weekly Big Picture – Bulls Back on the Bourse

MarketSmith India _ Weekly Big Picture.

MARKET PULSE

Status: Uptrend Under Pressure

Highlights:

Four up days, one down day

Weekly Market Review:

The equity benchmark started the week on Monday with marginal gains and positive bias. On Tuesday, the indices extended their gains only to witness some heavy distribution on Wednesday mainly due to Korean tensions. However on Thursday, bulls took charge of the market as both the Sensex and the Nifty posted gains of more than 1%. Friday observed the Nifty crossing the resistance level and making an intraday all-time high of 10,191.90, while the Sensex gained almost 250 points, setting the perfect bullish tone for the market in the festive week ahead. Continue reading “Weekly Big Picture – Bulls Back on the Bourse”

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Weekly Big Picture – Bulls Pack a Punch on D-Street

MarketSmith India _ Weekly Big Picture.

MARKET PULSE:

Status: Uptrend Under Pressure

Highlights:

Three up days, one down day

Weekly Market Review:

On Tuesday, the benchmark indices started the holiday-truncated week on a bullish note, as the Nifty opened more than 100 points higher from Friday’s close. On Wednesday, the indices extended their gains. Yesterday, the market opened higher but failed to hold gains after it encountered resistance at higher levels. The benchmark indices ended yesterday’s session in the negative territory, with the Sensex picking up a distribution day. Today, the benchmark indices crossed those resistance levels and ended the day with significant gains.

Continue reading “Weekly Big Picture – Bulls Pack a Punch on D-Street”

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Weekly Big Picture – Weak Global Cues Drag Down The Market

MarketSmith India _ Weekly Big Picture.

MARKET PULSE:

Status: Uptrend Under Pressure

Highlights:

Two up days, Three down days

Weekly Market Review:

On Monday, the benchmark indices started the week on a bearish note, as the Nifty closed below the 9,900 mark. On Tuesday indices started consolidating as it ended flat on a negative bias. However, after posting heavy losses again on Wednesday, the benchmark indices reversed their trend as both the Nifty and the Sensex settled with gains on Thursday’s trading session. Today, the market indices tried extending their previous day’s gains, but during the last hour, indices slumped justifying the weak global cues arising due to geopolitical tensions. Continue reading “Weekly Big Picture – Weak Global Cues Drag Down The Market”

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Weekly Big Picture – North Korea Spoils the Party on D-Street

MarketSmith India _ Weekly Big PictureMARKET PULSE

Status: Confirmed Uptrend

Highlights:

One up day, four down days

Weekly Market Review

On Monday, the benchmark indices started the week on a bullish note, as the Nifty crossed its previous all-time high after a gap of 30 sessions. The Nifty registered a fresh closing high on Monday and extended the gains intraday on Tuesday. However, the market rally stalled thereafter, as the benchmark indices closed with minor losses on Tuesday, Wednesday, and Thursday, in the absence of any major cues. Today, the benchmark indices slumped in line with the global indices, as North Korea announced that it may detonate a hydrogen bomb in the Pacific Ocean. Continue reading “Weekly Big Picture – North Korea Spoils the Party on D-Street”